$825,000
●
House -
Off Market
48 Rowley Shore
Gloucester, MA 01930
3 Beds
2 Baths
1,500 Ft²
$1,661,037
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model
About This Property
This gem of seaside retreat has been gutted and revamped with
complete new kitchen and baths ... new wood floors ...new shingles and
sliders ....a ground level deck was also added ... new porch and
stairs...also lower level bedroom with full bath, laundry, and
separate entrance.. Professional landscaping and a fabulous 37 ft
full length deck peering over the Atlantic Ocean accentuates
the exterior .... Need more ? stunning panoramic views of
Ipswich Bay all the way to NH complete with Spectacular
sunsets ... this darling cottage is in move in condition ...it's all
done! ...Just a short walk to the "landing" or
sandy beach at Plum Cove ... A peaceful retreat in the prestigious
Rowley Shore neighborhood !!....Enjoy Cottage decor , 3
bedrooms, and mesmerizing ocean views from the new kitchen and cozy
living room....So grab the wine, crack open the lobster, and
put up your feet for a real treat !!! buy now and enjoy the
whole summer in these little piece of paradise and peaceful living
!!! ..
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$593
Property Type
House
Property Taxes
$634
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (MLSPIN #71661396)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed by Gibson Sotheby's International Realty | $1,599,000 | |
| Listed by Gibson Sotheby's International Realty | |||
   | |||
|
Perched above Ipswich Bay, this beautifully renovated 3-bedroom, 2-bath home offers sweeping ocean views, stunning sunsets and a modern coastal lifestyle. Fully renovated in 2018, the residence blends timeless charm with today’s conveniences. The open-concept living space features a wall of windows framing ever-changing seascapes, a crisp white kitchen with stainless appliances, and seamless flow to outdoor areas perfect for entertaining or quiet mornings with coffee by the sea. The main bedroom offers privacy off the main living area, while two additional bedrooms accommodate guests for flexible use. Updated systems, thoughtful design, and abundant natural light make this a true turnkey retreat. Located on sought-after Rowley Shore less than a half mile to Plum Cove Beach, you’ll enjoy both privacy and proximity to Gloucester’s other beaches, harbor, and vibrant downtown. A rare opportunity to own a move-in-ready coastal home with spectacular views. Showings begin at Open House 11/2
| |||
| Nov 14, 2014 | Sold | ||
| Sold | |||
| Apr 15, 2014 | Listed by J. Barrett & Company | $890,000 | |
| Listed by J. Barrett & Company | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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